[Federal Register Volume 60, Number 51 (Thursday, March 16, 1995)]
[Notices]
[Pages 14295-14296]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-6462]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of the Assistant Secretary for Community Planning and
Development
[Docket No. D-95-1084; FR-3900-D-01]
Supersedure and Redelegation of Authority To Execute Legal
Instruments Pertaining to Section 312 Rehabilitation Loans
AGENCY: Office of the Assistant Secretary for Community Planning and
Development, HUD.
ACTION: Notice of supersedure and redelegation of authority.
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SUMMARY: In this notice, the assistant Secretary for Community Planning
and Development (CPD) supersedes prior redelegations of authority
pertaining to the Section 312 Loan Program, including the most recent
redelegation at 52 FR 10952, dated April 6, 1987. In this new
redelegation of authority under the Section 312 Loan Program, the
Assistant Secretary for CPD provides an additional official with
signature authority, lists officials under new titles to reflect a
recent Departmental reorganization, and clarifies which documents are
covered by the redelegation.
EFFECTIVE DATE: March 10, 1995.
FOR FURTHER INFORMATION CONTACT:
William D. Hanson, Office of Affordable Housing Program, Room 7168,
Department of Housing and Urban Development, 451 Seventh Street SW.,
Washington, DC 20410, (202) 401-3271. [This is not a toll-free
number.].
SUPPLEMENTARY INFORMATION: The Secretary of Housing and Urban
[[Page 14296]] Development has delegated most functions regarding the
Section 312 Rehabilitation Loan Program under Section 312 of the
Housing Act of 1964 (42 USC 1452(b)) to the Assistant Secretary for
CPD. The Assistant Secretary for CPD has previously issued notices
redelegating functions under the Section 312 Loan Program, and is by
this notice issuing a new updated redelegation.
The Secretary of HUD has also delegated certain functions
pertaining to property management and disposition under the Section 312
Rehabilitation Loan Program to the Assistant Secretary for Housing --
Federal Housing Commissioner. the most recent delegation to the
Assistant Secretary for Housing -- Federal Housing Commissioner was
published in the Federal Register on January 16, 1992, at 49 CFR 1942.
That delegation remains in effect today, and is not affected by this
present redelegation from the Assistant Secretary for CPD.
Although the section 312 Rehabilitation Loan Program was terminated
by Section 289 of the Cranston-Gonzalez Affordable housing Act of 1989
(42 USC 12839), the Section 312 loan collection functions continue
under 12 USC 1701(g)-5c (authorizing Section 312 collections to be
deposited into the Department's revolving fund for liquidating
programs). In order to expedite property foreclosures and judgments
against the Section 312 borrowers in default and to take other actions
associated with the servicing of Section 312 loans, the Assistant
Secretary for CPD has determined that it is necessary to issue an
updated redelegation pertaining to Section 312 loans. In this new
redelegation, the Assistant Secretary for CPD redelegates authority to
additional individuals and provides clarification as to the legal
instruments covered by the redelegation. In addition, in this document,
the Assistant Secretary for CPD supersedes the prior redelegations
pertaining to the Section 312 Loan Program at 52 FR 10952 (dated April
6, 1987), 51 FR 5412 (dated February 13, 1986), 50 FR 13667 (dated
April 5, 1985) and 47 FR 33, 324 (dated August 2, 1982).
Accordingly, the Assistant Secretary for CPD redelegates authority
as follows:
A. Authority Redelegated
The Deputy Assistant Secretary for Grant Programs, Office of
Community Planning and Development; the Director, Office of Affordable
Housing Programs; the Deputy Director, Office of Affordable Housing
Programs; and the Affordable Housing Loan Specialist appointed as
Government Technical Representative to the Section 312 Loan Servicing
Contract, Office of Affordable Housing Programs, are hereby
individually redelegated the authority to execute in the name of the
Secretary written instruments relating to Section 312 Rehabilitation
Loans, including but not limited to: Deeds of release, quit claim deeds
and deeds of reconveyance; substitutions of trustees; compromises;
write-offs; close outs; releases related to insurance policies;
assignments or satisfactions of notes, mortgages, deeds of trust and
other security instruments; and any other legal instrument or document
related to certain Section 312 loan-related property management and
disposition functions that have not been delegated to the Assistant
Secretary for Housing.
B. Authority Superseded
This redelegation supersedes previous redelegations of authority
from the Assistant Secretary for CPD to execute legal instruments under
the section 312 program, published at 47 FR 33324, August 2, 1982, 50
FR 13667, April 5, 1985; 51 FR 5412, February 13, 1986; and 52 FR
10952, April 6, 1987.
Authority: Sec. 312 of the Housing Act of 1964, 42 U.S.C. 1452b;
12 U.S.C. 1701g-5c; and section C, Delegation of Authority, 48 FR
49384, October 25, 1983; Section 7(d), Department of Housing and
Urban Development Act, 42 U.S.C. Section 3535(d).
Dated: March 10, 1995
Andrew Cuomo,
Assistant Secretary for Community Planning and Development.
[FR Doc. 95-6462 Filed 3-15-95; 8:45 am]
BILLING CODE 4210-29-M
